Name and Position

 Relevant Experience

Johan Rossouw
Managing Director of Vunani Securities
Group Economist & Strategist and Bonds
Qualifications – B Com, B Com (Hons) and M Com (Economics) – cum laude

Tel: +27 21 481 6200
Email: Johan@vunanisecurities.co.za

Johan Rossouw, Group Economist of the Vunani Group, has been a professional Economist since 1988. He has been involved in financial markets since 1996 and has been a rated analyst in both Economic Trends and Fixed Interest Research for many years – he was rated third in the category for Domestic Economic Trends in the 2010 ranking of analysts. Johan has extensive experience, primarily as a Sell-Side Analyst, but has also managed domestic bond, money market, as well as international portfolios as an employee of a domestic asset management company. He held the position of Chief Economist and Strategist at various stockbroker companies such as ABN Amro Securities (Pty) Ltd. He also assumed various managerial positions and is currently the Managing Director of Vunani Securities (Pty) Ltd.

Hurbey Geldenhuys
Head of Research
Platinum Analyst
Qualifications – B Sc, B Sc (Hons), GDE (Wits)

Tel: +27 11 384 2912
Email: Hurbey@vunanisecurities.co.za

Hurbey’s working career started at Union Corporation, followed by The Minerals Bureau General Mining, E W Balderson Inc., ABSA Securities and SG Securities. Hurbey was rated in 1999 and 2000 in the Gold sector, as well as being rated in 2002 in the Platinum sector. He decided to take a break from the corporate world at the end of 2002 in order to pursue his creative interests and establish a ceramic studio, which is currently still in operation. He then joined Kagiso Securities in 2010 as a Mining Analyst, covering platinum.  Hurbey joined Vunani Securities in December 2010 with the acquisition of Kagiso Securities and is currently the Head of Research and the Platinum Analyst at Vunani Securities.

Vunani Securities Research Analysts are as follows:

Alec Abraham
Equity Analyst – Health care / Retail
Qualifications – B Com

Tel: +27 11 384 2905
Email: Alec@vunanisecurities.co.za

Alec has been doing research across a broad range of industries since 1994, initially at the International Debt Rating Agency, Fitch Ratings and then as an Equity Analyst at top French bank SG, where he was recognised in a number of financial surveys, including the Financial Mail Analyst’s Review and the Professional Management Review, primarily for his work in the Healthcare sector. Alec also spent almost 5 years at PriceWaterhouseCoopers Corporate Finance where his research skills were applied to supporting the Mergers & Acquisitions division after which he joined Kagiso Securities in 2008 as an equity analyst. He moved across to Vunani Securities in December 2010 with the acquisition of Kagiso Securities where he is currently a Senior Equity Analyst covering the Healthcare and Retail sectors.

Anthony Clark
Equity Analyst– Small caps / Food Producers

Qualifications – ONC (Electrical Engineering), HND (Business & Finance)

Tel: +27 21 481 6200
Email: Anthonyc@vunanisecurities.co.za

Anthony started his career as a qualified Electrical Engineer before gaining a Business & Finance HND from Cambridge. Entering the stock market initially in 1991 with Laing & Cruickshank Investment Management (Private clients), he joined Astaire & Partners in London in 1994 as an Equity Salesman, servicing a European institutional client base, trading in some 22 markets – the main one being South Africa.

Recruited from London by Standard Equities as an Analyst in 1996, Anthony moved to Johannesburg where he covered Small Caps and the Engineering & Construction sector. In the ensuing years he worked within Investment Management, at Gensec/Sanlam from 1997, before moving back into Equity Sales at Nedcor Securities in 2001. In 2005 he was recruited by Barnard Jacobs Mellet as an Equity Salesman and also re-established himself as a Small Cap Analyst. Anthony joined Vunani Group in 2008, working as a Corporate Broker and more recently at Vunani Securities as a Small Cap Analyst. He has gained Financial Mail ratings in both Equity Sales and Small Cap research over the past ten years.

Arnold Werbeloff
Equity Analyst - Diversified industrials
Qualifications – B Bus Sci (UCT), MA (Economics) (UCT), MBA (Henley)

Tel: +27 11 384 2916
Email: Arnold@vunanisecurities.co.za

Before his career in the financial markets, Arnold was involved in corporate planning, economic and marketing research in a variety of public companies, and was the Deputy Director of the Clothing Federation of South Africa. Since 1995, Arnold has worked as an Equity Analyst at Fergusson Bros, Investec Securities, Societe Generale. His areas of specialisation have included Small Cap and Medium Cap Stocks (rated 4 in 2001) and Diversified Industrials (rated 7 in 2009). Arnold joined Kagiso Securities in 2008 as a Senior Equity Analyst. He moved across to Vunani Securities in December 2010 with the acquisition of Kagiso Securities where he is currently a Senior Equity Analyst covering Diversified Industrials.

Arthi Rabikrisson
Equity Analyst - Travel and Leisure / Training
Qualifications – B Bus Sci (Economics) (UKZN)

Tel: +27 11 384 2911
Email: Arthi@vunanisecurities.co.za

Arthi is a Bachelor of Business Science (Economics) graduate from the University Of Natal, Durban (now the University of KwaZulu-Natal) and is currently pursuing her MBA qualification through the local arm of Henley Business School (University of Reading, UK). She has worked previously at Standard Bank South Africa, in the Corporate and Investment Banking division as a Product Manager for the Liquidity and Cash Management suite of products. Arthi joined Kagiso Securities in 2006 as a Trainee Analyst and worked her way up to Senior Analyst after two and a half years where she was also promoted to Head of Training in March 2010. She moved across to Vunani Securities in December 2010 with the acquisition of Kagiso Securities as a Senior Equity Analyst covering stocks in the Travel and Leisure sector, listed on the JSE. She also oversees the training of up-and-coming analysts at Vunani Securities.

Irnest Kaplan
Technology Analyst (Consultant)
Qualifications – B Sc Engineering (Electrical) – cum laude (Wits)

Tel: +27 83 325 7799
Email: Irnest@kaplanequity.co.za

Irnest is experienced in equity valuation, financial forecasting and business modelling. He is a CFA charterholder and was rated in the IT sector (Financial Mail Analyst Rankings Surveys) for 5 consecutive years from 2006 to 2010. He has been analysing the Technology sector as a Sell-Side Analyst for 10 years. His first few years as an analyst were served at Societe Generale, researching the Telecoms sector. Prior to that, Irnest spent 6 years working in the IT sector, mainly for Internet Solutions, a Dimension Data subsidiary. He also worked for Andersen Consulting (now Accenture) as a Strategy Consultant. Irnest started his own research and consultancy business in 2003, analysing technology companies and performing various consulting services for selected technology companies. He was previously consulting for Kagiso Securities, but with the acquisition of Kagiso Securities in December 2010 he now consults to Vunani Securities as a Technology Analyst.

Keelan Naidoo
Trainee Analyst (Mining)
Qualifications – B Bus Sci (Finance) (UKZN)

Tel: +27 11 384 2906
Email: Keelan@vunanisecurities.co.za

He completed a Bachelor of Business Science degree in finance at UKZN in 2001. In 2010 he travelled to Shanghai to complete an internship at Shanghai M&A Club specializing in mergers and acquisitions. He then returned to South Africa to complete an internship at Garuda Finance specializing in project finance. Keelan joined Vunani Securities as a Trainee Analyst in August 2011.

Maureen Williams
Technical Analyst (Consultant)
Member of SA Institute of Stockbrokers

Tel: +27 11 263 9569
Email: mwilliams@vunanisecurities.co.za

Maureen is a Technical Analyst with Vunani Securities and qualified as a Stockbrocker in 2001, after having made a significant career change. She has been involved in the Financial Markets since 2001 and has been a Financial Mail Rated Analyst in the Technical Analysis category for 2 of the last 3 years. Maureen has also worked as a Portfolio Manager in BEE stockbrokerages before joining Vunani Securities in October 2010.

Trishona Naidoo
Trainee Analyst (Telecommunications)
Qualifications – B BusSci (Finance)

Tel: +27 11 384 2904
Email: Trishona@vunanisecurities.co.za

Trishona completed a Bachelor of Business Science degree with honours in Finance in 2008. In 2009 she joined Nedbank Limited as a Business Analyst, in the Retail cluster. She later joined Absa Capital in 2010 as an Analyst in their Middle Office division supporting Front Office traders. Here she gained technical experience on both the Equity Derivatives Desk and Interest Rate Derivatives Desk. In September 2011, she joined Vunani Securities as a Trainee Analyst, covering the telecommunications sector.

Zintle Gantsho
Trainee Analyst (Packaging)
Qualifications – B Com (Hons) – (Financial Management) (UP)

Tel: +27 11 263 9588
Email: Zintle@vunanisecurities.co.za

Zintle completed her Bachelor of Commerce in Investment Management in 2010 and is currently completing her Bachelor of Commerce Honours in Financial Management at UP. 
She joined the P.I.C Graduate Programme in February 2011 and was seconded to Vunani Securities as a Trainee Analyst in September 2011.

Colleen Armstrong
Research Coordinator

Tel: +27 11 384 2913
Email: Colleen@vunanisecurities.co.za

Colleen spent thirteen years in banking and spent the last few years of her banking career as Branch Manager. After a varied career, she joined Tlotlisa Securities in 2002 where she became the Research Coordinator, she then moved across to Kagiso Securities in 2008 in the same position. She joined Vunani Securities in December 2010 with the acquisition of Kagiso Securities where she is currently the Research Coordinator.

Vunani Securities Traders are as follows:

Simon Hobday
Head of Trading

Tel: +27 11 784 3077
Email: Simon@vunanisecurities.co.za

Simon started in the industry in September 1989 as a Runner on the JSE floor. Soon thereafter he qualified to become a Floor Trader with JD Anderson, where he traded the Industrial Board until the demutualisation of the JSE. Thereafter he became an Institutional Sales Trader with UBS Warburg. Simon joined African Harvest Securities in 2002 (presently Vunani Securities) and was promoted to head the Equity Desk in 2006.

Ian Louw
Head of Sales Trading

Tel: +27 11 784 3077
Email: Ian@vunanisecurities.co.za

Ian started his career as an Equity Trader in July 1988, with George Huysamer (taken over by ABN Amro), where he was later promoted to Head of Trading and then Head of Sales Trading. He spent 2002 at ING Barings as Head of the Equity Desk, after which he joined Kagiso Securities in January 2004 as Head of Equities, where he also served as an Exco member. He joined Vunani Securities in December 2010 with the acquisition of Kagiso Securities where he currently serves as Head of Sales Trading on the Equity Desk.

Lincoln O’Shea
Sales Trading

Tel: +27 11 784 3077
Email: Lincoln@vunanisecurities.co.za

Lincoln started his career at Standard Bank in 1994. He moved to the JSE Broker services division before joining Brockhouse Cooper in 1999 as an Institutional Trader. He qualified as a Stockbroker in 2001, is also Member of the Institute of Financial Markets, and qualified as JSE Compliance Officer. He joined Mazwai securities in 2002 as a Sales Trader and rejoined Brockhouse Cooper 2003 as Head of Transition Management after Mazwai was taken over by BJM. In 2008 he joined Legae Securities, as Head of Equity Trading, and also served on the board as an executive director, before joining Vunani Securities.

Malcolm Moller
Derivatives and Equity Trader

Tel: +27 11 784 3077
Email: Malcolm@vunanisecurities.co.za

Malcolm is a chartered accountant and completed his articles at PWC and an Advanced Executive Programme (AEP) at Unisa. He worked in the industry at Distillers Corporation for 4 years and at Federale Volksbeleggings for 3 years as Management Accountant. Malcolm joined Credit Guarantee Insurance Corporation and worked for 8 years as General Manager (Finance). He then joined UBS Warburg, qualified as a Stockbroker and worked for 9 years as Director Sales Trading. Thereafter he joined PSG Online for 4 years as Director (Private Client Business) before joining Vunani Securities in 2004, where he heads up Derivatives and Private Client Trading.

Ruan Van Der Merwe
Derivatives and Equity Trader

Tel: +27 11 784 3077
Email: Ruan@vunanisecurities.co.za

Ruan started his career in 1998 at FFO Securities as a Trainee Trader. He has completed all the relative RPE exams and JSE trading exams for the various markets, including the Derivatives market. He traded bonds for six years and handled all aspects of bond trading including carries. He then moved on to the Equities Desk at FFO Securities, as he wanted to learn more and joined the desk in 2004 as a Sales Trader. He also traded futures on SAFEX. He joined Kagiso Securities in August 2007 as an Equities and Derivatives Sales Trader on the Equity Desk. He joined Vunani Securities in December 2010 with the acquisition of Kagiso Securities, he has continued to perform the same role on the Equity Desk.

Anthony Hughes
Equity Trader

Tel: +27 11 784 3077
Email: Anthony@vunanisecurities.co.za

Anthony joined Vector Securities in 1999 in their Bonds Administration Division. Thereafter he moved on to the Trading Desk as a Junior Dealer. In 2006 Anthony was appointed as Senior Equity Dealer at Vunani Securities. He also completed a sales course through Dale Carnegie and leadership training through Wits University.